A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … job loss and those who do not reveals generally increasing entry rates through the wealth distribution for both groups … entrepreneurship and a different measure of wealth - net housing equity - for the two groups. Second, we examine the liquidity …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …

. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …

We study the behavior of a firm that consistently maximizes a misspecified profit function. We provide an equilibrium …